The new Card is designed to meet the needs of busy clients with demanding lifestyles by satisfying their travel, lifestyle, security and financial needs thought a range of innovative and unique benefits, new to the Montenegrin market. The Card offers a spend-and-get travel rewards program, comprehensive travel insurance, membership to the American Express Selects(TM) Program, a high Credit Limit and 24/7 Customer Service.

Mrs. Aleksandra Popovic, CKB Deputy General Manager, commenting on the issuance of the first American Express card in Montenegro spoke of the significant advantages which the Gold Credit Card will provide to CKB clients. Mrs. Popovic also commented on her satisfaction with the American Express partnership.

"We are extremely proud to partner with Crnogorska Komercijalna Banka and offer this innovative Card product on the Montenegrin market," said Erwin Schuttinga, American Express Business Development Director for South-eastern Europe. "The travel, lifestyle and financial needs of Montenegrin clients are becoming more and more demanding and the American Express Gold Credit Card is designed to meet these needs, whether consumers are shopping at home or traveling abroad."

The American Express Gold Credit Card launched today provides a number of benefits and services that are new to the Montenegro market as well as several core benefits associated with the American Express brand and products around the world.

• Gold Travel Rewards. Cardmembers who spend € 7,500 in 12 months will receive a free airline ticket to Belgrade or € 100 discount voucher from Montenegro Airlines, the national carrier. Alternatively, Cardmembers can spend € 15,000 in 12 months and receive a free airline ticket to Rome, Milan or a € 200 discount voucher from Montenegro Airlines. Cardmembers will be automatically notified of their monthly spend, total balance and when they have reached a spend threshold by SMS.
   
• Insurance required to apply for a travel visa. All Montenegrins who apply for a travel visa are required to have travel and health insurance. With the American Express Gold Card all the insurance required to apply for a visa is built into the product. Together with the Gold Card, Cardmembers will receive a free of charge gold level insurance card which is recognizable by all embassies and consulates in Montenegro when applying for a visa.
   
• Travel peace of mind. Travel Accident insurance will protect Cardmembers when traveling abroad and Travel Inconvenience insurance will cover essential expenses if a flight is delayed or cancelled, luggage is delayed or lost or a connecting flight is missed by no fault of the Cardmember. American Express Global Assist is also available to Cardmembers 24/7, from anywhere in the world, ready to provide advice and support.
   
• Lifestyle benefits. Cardmembers will be automatically enrolled into the American Express Selects(TM) Program, a global network of selected merchants providing exclusive offers and discounts to American Express Cardmembers. There are currently 35 top restaurants, boutiques, hotels and spas in Montenegro participating in the Selects Program as well as thousands of merchants worldwide.
   
• Financial flexibility. The American Express Gold Credit Card provides a high credit limit and grace period, allowing Cardmembers to pay off their balances in full or over time. The Card can be widely used within Montenegro in exclusive restaurants, hotels and boutiques as well as in the everyday merchants. Furthermore, Cardmembers have access to more than 800, 000 ATMs around the world.
   
• World-Class Customer Service, 24 hours a day, 365 days a year. A team of local professionals will provide 24x7 customer service and can be reached from anywhere in the world. American Express Cardmembers can also enjoy the services of 2,200 American Express Travel Service offices around the world.

On Crnogorska Komercijalna Banka AD Podgorica (CKB)
Crnogorska Komercijalna Banka covers the entire territory of Montenegro and is present in each Montenegrin home. Crnogorska Komercijalna Banka has more than 460 employees and through the network of 40 branches, 80 ATMs and around 2.700 POS-terminals covers the entire territory of Montenegro. CKB is the exclusive partner with American Express for Montenegro. CKB is also the Principal Member of MasterCard and VISA for both cards issuing and acquiring on its ATM and POS networks.

On American Express
American Express Company is a diversified worldwide travel, financial and network services company, founded in 1850. It is a world leader in charge and credit cards, Travelers Cheques, travel, and business services. Since 1996 American Express has been aggressively pursuing a strategy of opening its merchant network and card product portfolio to third party issuers around the world. By leveraging its global infrastructure and the powerful appeal of the brand, American Express has gained even broader reach for its network worldwide. American Express has now established more than 120 partnerships in more than 125 markets.